Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, as amended, read with applicable SEBI Circulars, please find enclosed herewith a copy of the letter sent to the identified shareholders ....
Awaiting price reaction for this filing.
ARSS Infrastructure Projects Ltd, which is currently under Corporate Insolvency Resolution Process (CIRP), has sent letters to shareholders holding shares in physical form requesting them to update their KYC details with the company's Registrar and Transfer Agent (Bigshare Services Pvt Ltd). The KYC details required include PAN, address with PIN code, mobile number, bank account details, specimen signature, and nomination, as mandated by SEBI circulars. Shareholders have been informed that failure to furnish these details will result in their securities being frozen by the RTA from April 1, 2024. The company has also urged physical shareholders to convert their holdings to demat form for better liquidity and to register their email IDs to receive the soft copy of the FY 2024-25 annual report.
This is a routine regulatory compliance filing with no material impact on the stock price or shareholder value. It is a procedural reminder to physical shareholders, and shareholders are advised to update their KYC promptly to avoid their shares being frozen.